Anton Feingold Sells 7,615 Shares of Ares Commercial Real Estate Co. (NYSE:ACRE) Stock

Ares Commercial Real Estate Co. (NYSE:ACRE) VP Anton Feingold sold 7,615 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $5.68, for a total transaction of $43,253.20. Following the transaction, the vice president now owns 78,360 shares of the company’s stock, valued at approximately $445,084.80. The trade was a 8.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ares Commercial Real Estate Stock Up 0.1 %

ACRE stock opened at $5.85 on Thursday. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.87 and a quick ratio of 0.87. Ares Commercial Real Estate Co. has a 12 month low of $5.33 and a 12 month high of $9.24. The firm has a market capitalization of $319.23 million, a PE ratio of -4.96 and a beta of 1.50. The company’s 50 day simple moving average is $6.22 and its 200-day simple moving average is $6.73.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Ares Commercial Real Estate from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. StockNews.com upgraded shares of Ares Commercial Real Estate from a “sell” rating to a “hold” rating in a research report on Tuesday, December 17th. Keefe, Bruyette & Woods reduced their price target on shares of Ares Commercial Real Estate from $7.00 to $6.00 and set a “market perform” rating for the company in a research report on Tuesday, January 14th. Finally, JMP Securities restated a “market perform” rating on shares of Ares Commercial Real Estate in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.80.

Institutional Investors Weigh In On Ares Commercial Real Estate

A number of large investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Ares Commercial Real Estate by 211.0% in the third quarter. FMR LLC now owns 7,741 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 5,252 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Ares Commercial Real Estate by 160.9% in the 4th quarter. New York State Common Retirement Fund now owns 11,838 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 7,300 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Ares Commercial Real Estate by 17.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,733 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 1,711 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Ares Commercial Real Estate during the third quarter worth about $96,000. Finally, AQR Capital Management LLC acquired a new position in shares of Ares Commercial Real Estate in the second quarter valued at approximately $122,000. Institutional investors and hedge funds own 41.34% of the company’s stock.

Ares Commercial Real Estate Company Profile

Ares Commercial Real Estate Corporation, a specialty finance company, originates and invests in commercial real estate (CRE) loans and related investments in the United States. It provides a range of financing solutions for the owners, operators, and sponsors of CRE properties. The company originates senior mortgage loans, subordinate debt and preferred equity products, mezzanine loans, and other CRE investments, including commercial mortgage-backed securities.